Web-based system provides vendors and retailers point-of-sale insight in seconds
ATLANTA – April 12, 2019 – Retailers and vendors can now manage point-of-sale data with instantaneous access to powerful analytics and reports that provide complete visibility into product performance to drive dynamic business decisions.
Data Based Intel (DBI) announced that its proprietary retail analytics platform is now available for the first time for companies that need real-time, easy-to-understand information about inventory and sales to help manage and predict consumer demand, inventory levels, rate of sale, pricing trends and other critical retail performance indicators. The web-based system can even forecast inventory needs based on historical, current and expected weather conditions to help identify opportunities for sales channels and product lines.
“Vendors and retailers cannot compete if they aren’t tapping into their retail data to support agile decision making. It’s important to assess business globally but also instantly analyze across retailers, brands, geographies, stores, timeframes and more,” said Dan Limerick, CEO of Data Based Intel. “Even with today’s technology, making sense of millions of retail data points can be time consuming and expensive. Many companies are still trying to sort through this via excel spreadsheets.”
DBI Does the Heavy Lifting
Not just a visualization tool, DBI offers a complete solution that captures EDI 852 and other retail data from any source, cleans it, analyzes it and provides retail analytics dashboards and reports anytime, anywhere, on any device. What often takes weeks and hours, now takes seconds with the DBI platform, enabling businesses to quickly identify opportunities for growth and profitability.
Unlike other retail analytics systems, the software requires no IT infrastructure. Retail businesses without an analyst team gain the same actionable insights, dashboards and retail-specific reports that larger vendors and retailers receive via robust IT teams. For those with analysts, profitability is enhanced, as they can now focus on what they do best – identify opportunities for the business.
CEO Case Study
With nearly 30 years experience selling his now nationally-recognized home improvement products to America’s largest retailers, Dan Limerick is a case study in his own right.
“When I first entered the retail industry, I quickly realized that knowledge is power. In order to compete nationwide, I needed complete visibility into point-of-sale data daily and for line reviews,” said Limerick. “We challenged ourselves to help create software that would allow us to manage and service our retail locations with precision, while providing accurate information our management team needed to proactively identify market changes and trends.”
The company’s products are now sold in more than 4,000 big box locations across the U.S. Recognizing the important role the solution played in this growth, the retail veterans realized the DBI solutions could provide thousands of other retail businesses with the same advantage.
With no software to install, no contract to sign and a simple, low-risk pricing model, the secure DBI web-based solution provides a rapid, return on investment. For the C-suite to the merchandiser on the retail floor, user-specific information is available immediately.